Upbeat signs in telco law review not enough to save Chorus dividend, broker says

Wed, 07 Aug 2013

By Paul McBeth Aug. 8 (BusinessDesk) - Chorus’s board will probably have to cut its return to shareholders with promising signs in a government review of telecommunications law still likely to leave a hole in the network operator’s earnings, according to a broker’s report. While viewing the prospect of direct intervention in copper line pricing as a positive Craigs Investment Partners has cut its recommendation on Chorus to ‘sell’, saying Communications Minister Amy Adams’ proposals will still hit the company’s revenue by between $20 millio...

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